NonprofitsLouisiana Corp Credit Union

Louisiana Corp Credit Union

METAIRIE, LA

Total revenue

$9.8M

Total expenses

$9.4M

Net assets

$15.6M

Grants received

EIN

721013943

Tax year

2024

Mission

Louisiana Corporate Credit Union is a cooperative association organized in accordance with the provisions of the Louisiana Credit Union Act for the purpose of serving credit union accounts through money management and creating a source of credit for its members.

Programs

2 programs

Lousiana Corporate provides low interest or interest free loans to member credit unions when impacted by declared natural disasters.

Louisiana Corporate issues a monthly economic and financial digest at no charge to its members which includes current economic and financial analysis of their operating environment.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.1M
Investment income$8.7M
Other revenue
Total revenue$9.8M

Expenses

Grants paid
Salaries & benefits$951K
Fundraising
Other expenses$8.4M
Total expenses$9.4M
Total assets$182.6M
Net assets$15.6M

People

8 listed

NameRoleCompensation

David A Savoie

CEO

Board

$279K

40 hrs/wk

Erin Byrd

VP of Operations

Board

$116K

40 hrs/wk

Sherrie Klotz

CAO

Board

$115K

40 hrs/wk

Mary Vedros

Board Vice Chair

Board

1 hrs/wk

Matt Koch

Board Member

Board

1 hrs/wk

Gary Funderburk

Board Member

Board

1 hrs/wk

Melissa Matherne

Board SecretaryTreasurer

Board

1 hrs/wk

Mark Rosa

Board Chair

Board

1 hrs/wk

Details

EIN721013943
Subsection14
Ruling date1969-08
Formed1984
Employees8
LOUISIANA CORP CREDIT UNION — Mission, Financials & Grants Received | Grantivo